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This excerpt taken from the MRO 10-Q filed Aug 7, 2007. 3. Issuance
of Shares. Effective as of the Grant Date, the Committee
or its designated representative shall cause a number of shares of Common Stock
equal to the number of Restricted Shares to be issued and registered in the
Participant’s name, subject to the conditions and restrictions set forth in
this Award Agreement and the Plan. Such
issuance and registration shall be evidenced by an entry on the registry books
of the Corporation and, if the Committee so elects, evidenced by a certificate
issued by the Corporation.
1 Any book entries and certificates evidencing the Restricted Shares shall carry or be endorsed with a legend referring to the conditions and restrictions set forth in this Award Agreement and the Plan. In the event the Restricted Shares are evidenced by a certificate, such certificate shall be held in custody by the Corporation unless and until the corresponding Restricted Shares are vested. The Participant shall not be entitled to delivery of a certificate or release of the restrictions on the book entry evidencing such Restricted Shares for any portion of the Restricted Shares unless and until the related Restricted Shares have vested pursuant to Paragraph 2. In the event the Restricted Shares are forfeited in full or in part, the Participant hereby consents to the relinquishment of the forfeited Restricted Shares theretofore issued and registered in the Participant’s name to the Corporation at that time. |
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